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Consider a class of examination scores. What score is the first quartile?
Automatic Stabilizer
Economic policies and programs, such as unemployment insurance, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.
Automatic Stabilizers
Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust with economic conditions to stabilize income and spending.
Recession
An interval of momentary economic contraction characterized by decreased commercial and industrial operations, commonly signaled by a reduction in Gross Domestic Product over two back-to-back quarters.
Government Budget Deficit
The financial situation that occurs when a government's expenditures exceed its revenues in a given fiscal year.
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